S&p global platts launches lng-fueled tces, newcastlemax weighted index

Singapore, feb. 10, 2022 /prnewswire/ -- s&p global platts ("platts"), the leading independent provider of information, analytics and benchmark prices for the commodities and energy markets, has launched time charter equivalent (tce) assessments for 209,000 dwt newcastlemax class dry bulk ships using lng as bunker fuel on six key routes and a ton-mile weighted average index named nmax gt4, effective february 3, 2022. the launch of these assessments comes in the wake of growing efforts by the shipping industry to embrace alternative fuels to reduce greenhouse gas (ghg) emissions.
SPGI Ratings Summary
SPGI Quant Ranking